With the Government set on consolidation, it looks like it is only a matter of time before requirements are strengthened even further. Particularly, if too many DC schemes are seen to pass the VFM test.
On 12th November, The Pensions Regulator issued guidance for Trustees of all Defined Benefit schemes aimed at highlighting how to spot signs of corporate distress. The guidance goes on to offer practical advice on the action Trustees should take to protect the pension scheme if the signs materialise. The full guidance is available here. In… Read more
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